NextEra Energy Stock Hits New 52-Week High (NEE)

NEW YORK ( TheStreet) -- NextEra Energy (NYSE: NEE) hit a new 52-week high Wednesday as it is currently trading at $64.44, above its previous 52-week high of $64.05 with 241,955 shares traded as of 10:05 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

NextEra Energy has a market cap of $26.42 billion and is part of the utilities sector and utilities industry. Shares are up 5% year to date as of the close of trading on Tuesday.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. The company has a P/E ratio of 13.8, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates NextEra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full NextEra Energy Ratings Report.

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